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Mentha oil extends gains on spot demand

Press Trust of India  |  New Delhi 

Mentha prices climbed 0.86 per cent to Rs 1,316 per kg in futures market today after participants raised bets amid rise in demand from consuming industries at the spot market against restricted arrivals from producing regions.

At the Multi Commodity Exchange, mentha for delivery this month contract was higher by Rs 11.20, or 0.86 per cent, to Rs 1,316 per kg, clocking a business volume of 147 lots.

The for June delivery was trading higher by Rs 5.20, or 0.45 per cent to Rs 1,173.60 per kg, with a trading volume of 113 lots.

Marketmen said raising of bets by speculators, driven by surging demand from consuming industries at the spot market against restricted supplies from Chandausi, led to the rise in mentha in futures trade.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, May 16 2018. 12:45 IST
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